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Sunday, October 19, 2008

Pay Yourself First

Everybody wants have a little bit extra money as a nest egg but do not know how to do it. The rule is to "pay yourself first"/ When you get your salary and before paying, be sure to set aside a certain portion every payday, not to be touched unless there's an emergency. This is to be invested in either a time deposit, or mutual funds. Just try to budget everything based on the leftover amount after you "paid yourself". Try not to dip into this "nest egg" unless there is an extreme emergency.